Issue coming out, plus ebola, and its just adding to concerns. So who has the resolution . Bp sees its thrd Quarter Results hit be depreciation of the ruble, the fall in oil prices, but the Energy Company still manages to raise its dividends. And a near 10 decline for twitter as the Company Turns to better than expected revenues and instead focuses on user engagement. Youre watching worldwide exchange, bringing you Business News from around the world. The bank is taking center stage today. Lets start with lloyds. Lloyds plans to cut 9,000 jobs over the next thee years as part of a strategic overhall. The uk lender posted a rise in q3 profits. But the bill for missold insurance picked up another 900 Million Pounds. Lloyds sounded confident it would pay a dividend. Meanwhile, asia focused uk lenders Standard Charter said profits plunged 16 in the Third Quarter, hit by a jump in bad loans and higher regulation costs. Take a look at standard chatter. Shares down 8 in todays trade. And liti
In the sector slowed to a threemonth low. And indias headline inflation up at a 14 month high increasing expectations that the rbi will hike rates again this week. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. Well, welcome to the first Worldwide Exchange of the week. We kick off the latest survey for Business Activity out of europe. The eurozone december flash composite pmi up 52. 1. Stronger than the reuters poll of 51. 9 and its stronger than the 51. 7 in november. But when you dig into that, theres once again sharp divergence here between germany and france. These are two countries that we will individually detail. The composite for december 5rks 5. 2. November, 55. 4. It was again very strong. Then you break down the french number. The french pmi number down to a seven month low. 47. 48 in november. Rob is a senior economist at market. He joins us now. Good to see you. Is france in a recession . It very well could be. It fell in the
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